Constellium SE (CSTM)
NYSE: CSTM
· Real-Time Price · USD
14.32
0.24 (1.70%)
At close: Aug 15, 2025, 10:25 AM
CSTM Delta Exposure By Expiry
The total Delta Exposure (DEX) for CSTM across all expirations shows 83,230.11 net shares that market makers must hedge, with 96,036.11 from calls and 12,806 from puts. The put-call delta ratio of 0.13 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 53,450.41 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
CSTM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 651.94 | -64.95 | 586.99 | 0.10 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 59,752.14 | -6,301.73 | 53,450.41 | 0.11 |
| Dec 19, 25 | 10,908.12 | -4,120.29 | 6,787.83 | 0.38 |
| Jan 16, 26 | 8,070.23 | -1,588.4 | 6,481.83 | 0.20 |
| Feb 20, 26 | 54.8 | 0 | 54.8 | 0.00 |
| Jan 15, 27 | 16,598.88 | -730.63 | 15,868.25 | 0.04 |